Stolper Co Decreases Position in Shell plc (NYSE:SHEL)

Stolper Co decreased its holdings in shares of Shell plc (NYSE:SHEL) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,362 shares of the energy company’s stock after selling 258 shares during the quarter. Stolper Co’s holdings in Shell were worth $1,870,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC purchased a new stake in Shell in the second quarter valued at approximately $26,000. Triad Wealth Partners LLC purchased a new stake in Shell in the second quarter valued at approximately $31,000. Beaird Harris Wealth Management LLC lifted its stake in Shell by 611.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock valued at $29,000 after buying an additional 385 shares during the last quarter. Fairscale Capital LLC purchased a new stake in shares of Shell during the second quarter worth approximately $33,000. Finally, LRI Investments LLC purchased a new stake in shares of Shell during the first quarter worth approximately $47,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Down 0.4 %

Shell stock opened at $68.58 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. The firm has a market capitalization of $214.71 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 1.57 and a beta of 0.56. Shell plc has a fifty-two week low of $60.34 and a fifty-two week high of $74.61. The stock’s fifty day moving average is $69.64 and its two-hundred day moving average is $70.86.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.15. The company had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same quarter in the prior year, the company earned $1.50 earnings per share. Analysts predict that Shell plc will post 8.44 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, August 16th were paid a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Friday, August 16th. Shell’s payout ratio is currently 49.11%.

Analysts Set New Price Targets

SHEL has been the subject of several analyst reports. Wells Fargo & Company upped their price target on Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday. Scotiabank cut their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday. Barclays upgraded Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Citigroup raised Shell to a “hold” rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada raised Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.

Shell Profile

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.